Brilliant Earth Group (NASDAQ:BRLT) Releases Quarterly Earnings Results, Meets Estimates

Brilliant Earth Group (NASDAQ:BRLT) announced its quarterly earnings data on Wednesday. The company reported ($0.05) EPS for the quarter, meeting the consensus estimate of ($0.05), FiscalAI reports. The firm had revenue of $99.50 million for the quarter, compared to analyst estimates of $98.16 million. Brilliant Earth Group had a negative return on equity of 17.41% and a negative net margin of 0.71%.

Here are the key takeaways from Brilliant Earth Group’s conference call:

• Net sales +6% to $99.5M in Q1 with gross margin at 54.3% (mid‑50s target) and adjusted EBITDA of negative $4.7M that landed in the upper half of company guidance.
• Fine jewelry is a clear growth engine — bookings +33% YoY (17% of total bookings), showroom fine jewelry +48% YoY, and the Sol Collection +90% YoY as management targets a path toward a $100M business.
• Omnichannel expansion continues with 42 showrooms (two more planned) and a strong-performing Beverly Hills flagship that is driving retail orders, foot traffic, and new experiential formats like the popular Date Night appointments.
• Gross margin was pressured by historically high metal prices in Q1, but management expects sequential improvement through selective price optimization, design/production and procurement efficiencies, and hedging, calling Q1 the low point for the year.
• Outlook and liquidity are mixed: Q2 guided to low-single-digit sales growth and adjusted EBITDA of $0.5M–$2M, full-year mid-single-digit sales growth and mid‑50s gross margin expected, and the company ended Q1 with roughly $59M cash and no debt (inventory turns >4x).

Brilliant Earth Group Stock Down 1.1%

Shares of Brilliant Earth Group stock traded down $0.02 on Friday, reaching $1.40. The company’s stock had a trading volume of 15,370 shares, compared to its average volume of 62,933. The company has a market capitalization of $141.05 million, a price-to-earnings ratio of -4.50 and a beta of 1.43. Brilliant Earth Group has a 52 week low of $1.21 and a 52 week high of $3.10. The firm’s fifty day simple moving average is $1.36 and its two-hundred day simple moving average is $1.69.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on BRLT. TD Cowen decreased their target price on Brilliant Earth Group from $1.90 to $1.60 and set a “hold” rating for the company in a research report on Friday, March 6th. KeyCorp reissued a “sector weight” rating on shares of Brilliant Earth Group in a research report on Friday, March 6th. Jefferies Financial Group reissued a “hold” rating and issued a $1.85 target price on shares of Brilliant Earth Group in a research report on Thursday, March 5th. Weiss Ratings reissued a “sell (d)” rating on shares of Brilliant Earth Group in a research report on Wednesday, January 21st. Finally, B. Riley Financial reissued a “neutral” rating and issued a $1.50 target price (down from $3.00) on shares of Brilliant Earth Group in a research report on Friday, March 6th. Seven equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of $1.74.

Insiders Place Their Bets

In related news, insider Sharon Dziesietnik sold 19,687 shares of Brilliant Earth Group stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $1.37, for a total transaction of $26,971.19. Following the transaction, the insider directly owned 446,736 shares in the company, valued at approximately $612,028.32. The trade was a 4.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 83.90% of the company’s stock.

Hedge Funds Weigh In On Brilliant Earth Group

Several large investors have recently made changes to their positions in BRLT. Virtu Financial LLC bought a new stake in shares of Brilliant Earth Group in the third quarter worth about $32,000. Algert Global LLC bought a new stake in shares of Brilliant Earth Group in the third quarter worth about $40,000. Squarepoint Ops LLC bought a new stake in shares of Brilliant Earth Group in the third quarter worth about $81,000. Millennium Management LLC bought a new stake in shares of Brilliant Earth Group in the third quarter worth about $84,000. Finally, Susquehanna International Group LLP increased its holdings in shares of Brilliant Earth Group by 257.0% in the third quarter. Susquehanna International Group LLP now owns 52,474 shares of the company’s stock worth $109,000 after purchasing an additional 37,774 shares during the last quarter. 70.41% of the stock is currently owned by hedge funds and other institutional investors.

About Brilliant Earth Group

Brilliant Earth Group, Inc (NASDAQ: BRLT) is a specialty retailer of ethically sourced fine jewelry, with a focus on conflict-free diamonds and lab-grown gemstones. The company offers a broad range of products that include engagement rings, wedding bands, necklaces, earrings and bracelets, all crafted with a commitment to environmental sustainability and social responsibility. Customers can choose from a variety of materials such as recycled precious metals, responsibly sourced gemstones and innovative lab-grown diamonds.

Operating primarily through its e-commerce platform and a network of branded showrooms across major U.S.